Land tax payers, attention! Change in the maximum amount of rent
Law of Ukraine № 3706-IX as of 09.05.2024 "On amendments to the Tax Code of Ukraine and other laws of Ukraine regarding export peculiarities of certain types of products during the martial law" will enter into force on 01.07.2024.
By this Law new Sub-paragraph 288.5.6 was added to Paragraph 288.5 Article 288 of the Tax Code of Ukraine (hereinafter – Code), according to which amount of rent is set in the lease agreement, but annual amount of payment for a joint-stock company, limited liability company, 100 percent of the shares (parts) in the authorized capital of which belong to the state, which was formed by transformation of the state-owned enterprise and is its legal successor, for agricultural land, leased according to Article 1201 of the Land Code of Ukraine – at least 12 percent of the normative monetary valuation of land plot, and if normative monetary valuation of land plot has not been carried out – at least 12 percent of the normative monetary valuation of unit of arable land in the Autonomous Republic Crimea or regions.
Herewith, Paragraph 288.6 Article 288 was excluded from the Code, according to which payment for the sublease of land plots could not exceed the rent.
